ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Down – What’s Next?

Shares of ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) gapped down before the market opened on Thursday . The stock had previously closed at $15.36, but opened at $14.68. ThyssenKrupp shares last traded at $14.69, with a volume of 306 shares.

Analyst Ratings Changes

Several brokerages have issued reports on TKAMY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ThyssenKrupp in a report on Wednesday, July 22nd. Citigroup reissued a “buy” rating on shares of ThyssenKrupp in a research report on Thursday, May 14th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold”.

ThyssenKrupp Price Performance

The company has a current ratio of 1.66, a quick ratio of 0.99 and a debt-to-equity ratio of 0.05. The stock has a fifty day simple moving average of $13.52 and a two-hundred day simple moving average of $12.20. The company has a market cap of $9.08 billion, a PE ratio of 27.00 and a beta of 1.39.

ThyssenKrupp Company Profile

ThyssenKrupp AG (OTCMKTS: TKAMY) is a diversified German industrial conglomerate headquartered in Essen and Düsseldorf. Formed in 1999 through the merger of Thyssen AG and Friedrich Krupp GmbH, the company operates across multiple segments, including steel production, materials distribution, industrial engineering, elevator technology and automotive components.

In its Materials Services division, ThyssenKrupp supplies processed and semi-finished steel products and high-performance materials to industries such as automotive, construction and machinery manufacturing.